An estate plan does encompass what you intend to happen to your belongings after you pass away, but this often leaves out the important consideration of what you intend to happen while you’re still alive. The best and most comprehensive estate plans consider what you want to do while you’re still here and the legacy… Read More »
Page 34
These Are the Biggest Estate Planning Mistakes Made by Divorcing Women
Women getting a divorce have many different things to contemplate and think about. Divorce is never an easy time and can be a significant adjustment for most people. Women in particular find that they are most significantly affected by the financial aspects of divorce. A recent study completed by UBS Global Wealth Management showed that… Read More »
Estate Planning Should Be A Family Affair
If estate planning related only to your numbers, it wouldn’t be one of the financial and legal tasks that most people avoided. It can be difficult to put together an estate plan because it involves confronting your own mortality, but it also raises questions and forces you to make difficult decisions about who will receive… Read More »
Dementia and Estate Planning Basics: How Can I Help as a Caregiver?
Know the limits of estate and financial planning for dementia. Also, often when a person or family member visits the offices of an estate planning attorney to talk issues related to dementia, the person in questioned condition might have already elevated to the point where it is impossible for estate planning to address all of… Read More »
Longevity & You: Planning is Essential
What you need to consider about new longevity numbers: Most people in the Baby Boomer generation are already confronting the possibility that they could live longer than they expected. This can raise a lot of questions about what it means to truly plan for your future, and whether or not you have enough assets set… Read More »
Is Your Estate Like the Rich and Famous?
Far too many people put off estate planning because they assume that it only affects those who have a significant amount of assets or confusing issues that must be dealt with in the estate planning process. Plenty of different news stories have articulated the challenges that celebrities face in the estate planning process, but… Read More »
Should My Life Insurance Proceeds Be Payable to An Estate?
One of the most important things to be mindful of in planning for your estate is how you list beneficiaries on assets that will pass outside of a traditional will. One such example is from your life insurance policy. You likely purchase your life insurance policy as a way to protect your loved ones if… Read More »
Women Must Plan for Their Own Retirement and Possibility of Widowhood
You might not assume that there is a future without your current spouse, but this is a major retirement and estate planning mistake and one that could put you in a very difficult situation, years into the future. When you fail to plan for the possibility of becoming a widow or widower, difficult financial and… Read More »
Understanding Powers of Attorney and Wills for Estate Planning Purposes
Most people fall into the camp of experiencing many different misconceptions about powers of attorney and wills. Many people think that will planning or estate planning is something that only the elderly should do and might not necessarily be for a younger couple or a single individual. However, anyone who has loved ones or who… Read More »
What Happens to Debts After Death?
Are you concerned about what will happen to any debts you have in your name when you pass away? Settling the affairs of someone who recently passed away can be very difficult because important financial decisions must be made sooner rather than later. These decisions often have to do with whether or not to repay… Read More »